According to the Futubull APP, this week is the best performance week for Oracle (ORCL.US) since 2021, with a cumulative increase of nearly 14.3%. This has significantly increased the net worth of its chairman, Larry Ellison, surpassing Amazon (AMZN.US) founder Jeff Bezos on Friday to become the second richest person in the world.

According to Forbes' real-time billionaire list, Ellison's net worth briefly reached $208.4 billion after the market opened, then fell to $197 billion. Bezos' net worth is $204 billion, and he has frequently been the second richest person in the world in recent years.

On Friday, Oracle's stock price rose slightly to $162.03 per share. Prior to this, the company raised its revenue guidance for the fiscal year 2026 at the annual CloudWorld conference and optimistically predicted until the fiscal year 2029. On Tuesday, Oracle released better-than-expected quarterly earnings report, resulting in an 11% increase in stock price on the same day. Currently, Oracle's stock price has risen by about 54% this year, second only to the 141% increase of AI chip manufacturer Nvidia (NVDA.US) among large tech stocks.

As one of the co-founders of Oracle, Ellison is one of the biggest beneficiaries of this wave of stock market growth. He holds approximately 40% of the company's shares, making him Oracle's largest shareholder. In recent years, Oracle has experienced a revival due to its improvement in the cloud infrastructure field and wide adoption of cloud databases.

60-year-old Bezos and 80-year-old Ellison are competing for the rank of the second richest person in the world, and all of this is happening three days after their respective companies announced a new partnership. On Monday, Oracle announced that its database software would be available on Oracle hardware in Amazon datacenters for AWS customers.

In the past year, Oracle has also established similar partnerships with other leading cloud infrastructure companies such as Microsoft (MSFT.US) and Google (GOOG.US, GOOGL.US). Ellison stated during this week's earnings conference call that Oracle is in a favorable position in the fields of cloud computing and traditional datacenters.

Ellison said in a conference call, "Oracle Database can run on AWS, Microsoft, and Google platforms, which is very important. This will greatly accelerate our database growth in the public cloud. But we expect the number of private clouds to far exceed the public cloud, as companies prefer to deploy Oracle Cloud behind their own firewalls and in their own data centers rather than sharing them with neighboring companies."